ECN 325 Money, Banking and Financial Markets
This upper-level course in economics is the first part of an ideal two-semester sequence including ECN 328. This course is designed to provide students with an understanding of the monetary dimension of contemporary economies. This includes the nature of the means of settlement, the technology of monetary payments, the banking system and its pro-cyclical, crisis-prone character that requires control and regulation, the response of financial markets to changing policy conditions and perceived risks, and central banks’ operations and goals when setting interest rates. Special attention is devoted to current monetary policy issues with special reference (but not limited) to the practice of the U.S. Fed and the European Central Bank. Recommended prerequisites: ECN 225, ECN 256, BUS 326